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Re: alidare post# 9361

Thursday, 12/28/2017 2:35:49 PM

Thursday, December 28, 2017 2:35:49 PM

Post# of 29882
THIS IS HUGE! Ron Thiessen: "We retained 50% of this project. We own 50%. There is no veto. It's not a controlled position on the other side, and so, if you will, the bridesmaid in this is still out there and I think the opportunity for somebody else to come along and take on a project like this and partner with First Quantum is still very opportune at some point in the future. I think the key for that is going to be, and I've talked to Tom Collier about this quite a bit, and Tom is running Pebble and the permitting process, when we see that draft EIS in 2019 and people see the major mining companies and the mining companies see man, that's very normal, there is nothing unusual about this, and don't, you know, we reengineered this to be a small footprint... Even though we reduced the footprint, the amount of metal we'll produce is very significant."

https://katusaresearch.com/exclusive-update-interview-ron-thiessen/


WOW!!! This is BRILLIANT. Here is their strategy. They did not want to dilute shares to pay for the permitting application/process. So they entered into this option agreement with FQ to have FQ fork over $37.5M, in exchange for literally nothing at this point, while retaining 50% (even if FQ exercises $1.5B option later on). Now, they're waiting to get the DRAFT EIS (notice, not even the complete end product of EIS, just the DRAFT), because then they can show it to major mining companies who will take NAK seriously... and then they'll sell off the remaining 50% interest at a PREMIUM much more than the $1.5B option to FQ (which was given to FQ at a discount, both because of the current process NAK did not have much to show for and because FQ is forking over money with nothing in return at this point...). This is brilliant.... So we will see NAK BOUGHT OUT in 2019; that's the strategy Thiessen just laid out. Don't miss this, this is HUGE!!!

Thanks, alidare for posting this video.
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